Overview
NFI Group Inc., based in Canada, is a prominent entity in the transportation industry, specializing in the production of transit buses and motor coaches, along with the provision of aftermarket parts and services. The company operates internationally, catering to the burgeoning demands of urban transit systems through innovative, sustainable solutions such as zero-emission buses (ZEBs) and advanced battery-electric technologies. Key projects include significant expansions into electric mobility, exemplified by its 'Vehicle Innovation Center' in Kentucky, USA, focused on advancing electric vehicle development and support. NFI Group Inc. aligns its operations with global sustainability goals, thus enhancing its portfolio while addressing the critical needs of modern public transportation infrastructure.
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Basic Stats
The share price of NFI Group Inc. as of September 5, 2025 is $18.50 / share. This is an increase of 0.33% from the prior week. The market cap (or net worth) of NFI Group Inc. as of September 5, 2025 is $2,202.90 MM.
The Factor Analysis chart (below right) shows a view of NFI Group Inc. from a variety of lenses. Each factor shows how well the company ranks against all other companies in the Fintel global investing universe. Factor scores range from zero to 100, with 100 being most desirable, and 50 being average.
For example, a company with a Value Score of 100 would be the most undervalued company in our database. A company with a Value Score of zero would be the most overvalued.
| Market Cap | 2,202.90 MM |
| EV | |
| Shares Out. | 119.08 MM |
| Earnings Date | |
| EPS (TTM) | -1.37 |
| Dividend Yield | 2.01 % |
| Ex-Dividend Date | 2022-09-28 |
| Borrow Rate | 1.83 |
| Short Shares Avail. | 0.60 MM |
| Short Interest | |
| Short Float | |
| Days to Cover | |
| Risk Free Rate | 4.17 % |
| Price Change (1 yr) | -0.86 % |
| Volatility (1 yr) | 0.44 |
| Beta | 1.05 |
| Sharpe Ratio (1 yr) | -0.11 |
| Sortino Ratio (1 yr) | -0.24 |
| PE Ratio | |
| Price/Book | |
| Price/TBV | |
| Book/Market | |
| EBIT/EV | |
| EBIT(3yr avg)/EV | |
| ROA | -0.06 |
| ROE | -0.23 |
| ROIC | -0.09 |
| CROIC | 0.00 |
| OCROIC | -0.03 |
| Implied Volatility | |
| Put/Call OI Ratio |
| Growth | 75.22 /100 |
| Profitability | 29.72 /100 |
| Quality Score | 30.45 /100 |
| Value Score | |
| Momentum Score | 74.33 /100 |
| Stability (Low Vol) Score | 47.15 /100 |
| Analyst Sentiment | 66.49 /100 |
| Fund Sentiment | 79.29 /100 |
| Insider Sentiment | |
| Officer Sentiment | |
| Dividend Score | 51.27 /100 |
| QVM Score | |
| Piotroski F-SCORE | 3.00 /9 |
Factor Scores range from 0 to 100, with 100 being most desirable. Larger circles are better. In situations where we have no data (e.g. no insider trades), we plot the score at 50 to avoid penalizing companies. However, a company that does not pay dividends will get a Dividend Score of Zero. Additionally, we inverted volatility to create a "stability" metric which is better when higher.
Price Target
The average one-year price target for NFI Group Inc. is $24.14. The forecasts range from a low of $23.23 to a high of $28.35. A stock’s price target is the price at which analysts consider it fairly valued with respect to its projected earnings and historical earnings. Analysts typically set price targets that correspond to their buy or sell recommendations.
Update Frequency: Monthly
Stock Upgrades/Downgrades
This card shows analyst upgrades/downgrades for NFI Group Inc.. An analyst rating is a classification that gives investors a sense of analyst sentiment about the direction and performance of an equity - usually a stock - over a period of time, typically 12 months.
The standard analyst ratings are generally as follows:
- Buy/Overweight/Outperform - Any of these ratings conveys an analyst’s belief that the stock is likely to outperform a market index (e.g. the S&P 500).
- Hold/Equal-Weight/Market Perform - Any of these ratings conveys an analyst’s belief that the stock is likely to perform in line with a market index.
- Sell/Underweight/Underperform - Any of these ratings suggest that an analyst believes the stock is likely to underperform a market index.
When an analyst upgrades a stock, they are signaling that the company’s fundamentals are being undervalued by investors. It could also mean they believe the market is underestimating the company’s potential. The opposite is true when a stock receives a downgrade.
The average rating of each individual analyst’s rating is the consensus rating for a stock. This gives investors a broader sense of the overall sentiment for that stock.
| Date | Analyst | Prior | Latest Recommendation |
Action |
|---|---|---|---|---|
| 2022-12-14 | CIBC Capital Markets | Underperform | Downgrade | |
| 2022-11-21 | National Bank of Canada Financial | Sector Perform | Upgrade | |
| 2022-11-17 | TD Research | Hold | Downgrade | |
| 2022-11-16 | STA Research | Buy | Upgrade | |
| 2022-11-16 | Scotiabank Capital | Sector Perform | Maintains | |
| 2022-11-16 | CIBC Capital Markets | Neutral | Maintains | |
| 2022-10-26 | TD Research | Hold | Downgrade | |
| 2022-10-25 | TD Research | Downgrade | ||
| 2022-10-25 | Scotiabank Capital | Sector Perform | Downgrade | |
| 2022-10-25 | National Bank of Canada Financial | Sector Perform | Downgrade | |
| 2022-10-25 | CIBC Capital Markets | Neutral | Downgrade | |
| 2022-10-25 | ATB Capital | Speculative Buy | Downgrade | |
| 2022-10-07 | CIBC Capital Markets | Neutral | Upgrade | |
| 2022-08-05 | TD Research | Hold | Upgrade | |
| 2022-08-04 | Stifel Nicolaus Research | Buy | Upgrade | |
| 2022-08-04 | STA Research | Hold | Maintains | |
| 2022-08-04 | Scotiabank Capital | Outperform | Maintains | |
| 2022-08-04 | National Bank of Canada Financial | Sector Perform | Upgrade | |
| 2022-08-02 | CIBC Capital Markets | Underperform | Maintains | |
| 2022-06-30 | CIBC Capital Markets | Underperform | Downgrade | |
| 2022-05-02 | TD Research | Hold | Downgrade | |
| 2022-05-02 | Stifel Nicolaus Research | Downgrade | ||
| 2022-05-02 | Scotiabank Capital | Outperform | Downgrade | |
| 2022-05-02 | National Bank of Canada Financial | Sector Perform | Downgrade | |
| 2022-05-02 | CIBC Capital Markets | Neutral | Downgrade | |
| 2022-04-26 | BMO Financial | Market Perform | Downgrade | |
| 2022-04-19 | Scotiabank Capital | Outperform | Maintains | |
| 2022-03-11 | TD Research | Hold | Downgrade | |
| 2022-03-11 | Scotiabank Capital | Outperform | Downgrade | |
| 2022-03-11 | National Bank of Canada Financial | Outperform | Downgrade | |
| 2022-03-11 | CIBC Capital Markets | Neutral | Downgrade | |
| 2022-03-11 | BMO Financial | Buy | Downgrade | |
| 2022-03-11 | ATB Capital | Speculative Buy | Downgrade | |
| 2022-03-01 | ATB Capital | Outperform | Downgrade | |
| 2022-02-22 | Scotiabank Capital | Outperform | Downgrade | |
| 2022-02-14 | BMO Financial | Buy | Maintains | |
| 2022-01-05 | TD Research | Neutral | Downgrade | |
| 2021-12-06 | ScotiaBankFinancial | Outperform | Downgrade | |
| 2021-12-03 | TDNewcrest | Neutral | Downgrade | |
| 2021-12-03 | CormarkSecurities | Buy | Downgrade | |
| 2021-12-03 | CIBC WM | Neutral | Downgrade | |
| 2021-11-17 | ATBCapital | Outperform | Downgrade | |
| 2021-11-05 | TDNewcrest | Hold | Downgrade | |
| 2021-11-05 | TD Newcrest | Hold | Downgrade | |
| 2021-11-04 | NB Financial | Sector Perform | Downgrade | |
| 2021-11-04 | ATB Capital | Outperform | Upgrade | |
| 2021-11-03 | CM Bank | Neutral | Reiterate | |
| 2021-10-29 | Laurentian Bank | Buy | Upgrade | |
| 2021-10-19 | CIBC World Markets | Neutral | Maintains | |
| 2021-09-21 | Sbank | Outperform | Maintains | |
| 2021-09-21 | National Bank Financial | Sector Perform | Downgrade | |
| 2021-09-20 | TD Securities | Hold | Downgrade | |
| 2021-09-20 | Sbank | Downgrade | ||
| 2021-09-20 | CIBC World Markets | Neutral | Downgrade | |
| 2021-09-20 | ATB Capital | Outperform | Downgrade | |
| 2021-08-30 | CIBC World Markets | Neutral | Downgrade | |
| 2021-08-06 | TD Securities | Buy | Upgrade | |
| 2021-08-05 | ATB Capital | Buy | Upgrade | |
| 2021-07-23 | CIBC World Markets | Outperform | Maintains | |
| 2021-05-10 | TD Securities | Buy | Upgrade | |
| 2021-05-07 | Sbank | Outperform | Upgrade | |
| 2021-05-07 | National Bank Financial | Outperform | Upgrade | |
| 2021-05-07 | BMO Capital Markets | Upgrade | ||
| 2021-05-07 | ATB Capital | Upgrade | ||
| 2021-03-10 | Sbank | Upgrade | ||
| 2021-03-10 | National Bank | OUTPERFORM | Upgrade | |
| 2021-03-10 | BMO Capital Markets | Downgrade | ||
| 2021-03-05 | Sbank | Upgrade | ||
| 2021-03-03 | TD Securities | Buy | Downgrade | |
| 2021-03-02 | BMO Capital Markets | Downgrade | ||
| 2021-01-15 | Laurentian Bank of Canada (LB.TO) | Upgrade | ||
| 2021-01-15 | Laurentian Bank | Upgrade | ||
| 2021-01-13 | National Bank Financial | Outperform | Upgrade | |
| 2021-01-13 | BMO Capital Markets | Upgrade | ||
| 2021-01-12 | TD Securities | Hold | Buy | Upgrade |
| 2021-01-12 | Sbank | Upgrade | ||
| 2021-01-12 | CIBC World Markets | Upgrade | ||
| 2021-01-05 | CIBC World Markets | Hold | Maintains | |
| 2021-01-04 | CIBC World Markets | Upgrade | ||
| 2020-12-24 | TD Securities | Hold | Upgrade | |
| 2020-12-07 | CIBC World Markets | Upgrade | ||
| 2020-12-03 | National Bank Financial | Outperform | Upgrade | |
| 2020-11-12 | Sbank | Upgrade | ||
| 2020-11-12 | ATB Capital | Downgrade | ||
| 2020-08-07 | National Bank Financial | Outperform | Downgrade | |
| 2020-08-07 | CIBC World Markets | Downgrade | ||
| 2020-07-30 | ATB Capital | Downgrade | ||
| 2020-07-08 | National Bank Financial | Outperform | Upgrade | |
| 2020-05-08 | CIBC World Markets | Downgrade | ||
| 2020-04-07 | TD Securities | Hold | Downgrade | |
| 2020-03-26 | National Bank Financial | Outperform | Downgrade | |
| 2020-03-25 | TD Securities | Hold | Downgrade | |
| 2020-03-25 | BMO Capital Markets | Downgrade | ||
| 2020-03-24 | Sbank | Downgrade | ||
| 2020-03-24 | CIBC World Markets | Downgrade | ||
| 2020-03-24 | Altacorp Capital | Downgrade | ||
| 2020-03-13 | National Bank Financial | Outperform | Downgrade | |
| 2020-03-13 | BMO Capital Markets | Downgrade | ||
| 2020-03-13 | Altacorp Capital | Downgrade | ||
| 2020-01-15 | CIBC World Markets | Upgrade | ||
| 2019-11-14 | National Bank Financial | Outperform | Downgrade | |
| 2019-10-10 | CIBC World Markets | Downgrade | ||
| 2019-09-19 | Raymond James Financial | Strong-Buy | Initiate | |
| 2019-08-16 | TD Securities | Hold | Downgrade | |
| 2019-08-15 | National Bank Financial | Outperform | Downgrade | |
| 2019-08-15 | BMO Capital Markets | Downgrade | ||
| 2019-07-17 | TD Securities | Hold | Downgrade | |
| 2019-07-17 | National Bank Financial | Outperform | Downgrade | |
| 2019-07-17 | CIBC World Markets | Downgrade | ||
| 2019-07-17 | BMO Capital Markets | Downgrade | ||
| 2019-06-18 | BMO Capital Markets | Market Perform | Initiate | |
| 2019-03-15 | TD Securities | Buy | Hold | Downgrade |
| 2019-03-15 | National Bank Financial | Outperform | Downgrade | |
| 2019-03-15 | CIBC World Markets | Downgrade | ||
| 2019-01-17 | National Bank Financial | Outperform | Downgrade | |
| 2019-01-16 | TD Securities | Buy | Downgrade | |
| 2019-01-16 | BMO Capital Markets | Buy | Downgrade | |
| 2019-01-02 | CIBC World Markets | Downgrade | ||
| 2018-12-11 | CIBC World Markets | Downgrade | ||
| 2018-11-21 | BMO Capital Markets | Downgrade | ||
| 2018-11-08 | TD Securities | Downgrade | ||
| 2018-11-08 | National Bank Financial | Outperform | Upgrade | |
| 2018-11-08 | CIBC World Markets | Downgrade | ||
| 2018-11-07 | BMO Capital Markets | Hold | Reiterate | |
| 2018-10-17 | TD Securities | Downgrade | ||
| 2018-10-16 | National Bank Financial | Outperform | Downgrade | |
| 2018-10-16 | CIBC World Markets | Downgrade | ||
| 2018-08-09 | BMO Capital Markets | Upgrade | ||
| 2018-06-28 | National Bank Financial | Sector Perform | Outperform | Upgrade |
| 2018-05-14 | TD Securities | Buy | Downgrade | |
| 2018-05-14 | Sbank | Outperform | Downgrade | |
| 2018-05-10 | National Bank Financial | Sector Perform | Downgrade | |
| 2018-05-10 | BMO Capital Markets | Downgrade | ||
| 2018-03-23 | TD Securities | Upgrade | ||
| 2018-03-23 | Sbank | Outperform | Upgrade | |
| 2018-03-23 | National Bank Financial | Sector Perform | Upgrade | |
| 2018-03-23 | CIBC World Markets | Upgrade | ||
| 2018-03-23 | BMO Capital Markets | Market Perform | Upgrade | |
| 2018-02-13 | National Bank Financial | Outperform | Sector Perform | Downgrade |
| 2018-02-02 | TD Securities | Buy | Upgrade | |
| 2018-02-02 | CIBC World Markets | Outperform | Upgrade | |
| 2018-01-12 | Sbank | Outperform | Upgrade | |
| 2018-01-04 | CIBC World Markets | Upgrade | ||
| 2017-12-04 | TD Securities | Upgrade | ||
| 2017-12-04 | CIBC World Markets | Upgrade | ||
| 2017-11-10 | TD Securities | Buy | Downgrade | |
| 2017-10-17 | CIBC World Markets | Downgrade | ||
| 2017-08-25 | BMO Capital Markets | Market Perform | Reiterate | |
| 2017-08-11 | Sbank | Outperform | Upgrade | |
| 2017-07-14 | TD Securities | Buy | Maintains | |
| 2017-05-15 | TD Securities | Buy | Maintains | |
| 2017-05-15 | Sbank | Outperform | Maintains | |
| 2017-04-17 | TD Securities | 60 | Maintains | |
| 2017-03-27 | TD Securities | Buy | Maintains | |
| 2017-03-24 | Sbank | Outperform | Maintains | |
| 2016-10-18 | CIBC World Markets | 50 | Maintains | |
| 2016-09-07 | Sbank | Outperform | Maintains | |
| 2016-08-15 | CIBC World Markets | 51 | Maintains | |
| 2016-08-15 | BMO Capital Markets | At Market Perform | Maintains | |
| 2016-07-18 | Sbank | Outperform | Maintains | |
| 2016-05-16 | Sbank | Outperform | Maintains | |
| 2016-05-16 | CIBC World Markets | Outperform | Maintains | |
| 2016-04-26 | Sbank | Outperform | Maintains | |
| 2016-04-18 | National Bank Financial | 44 | Maintains | |
| 2016-03-28 | CIBC World Markets | Outperform | Maintains | |
| 2016-03-28 | BMO Capital Markets | Outperform | Maintains | |
| 2016-03-25 | Altacorp Capital | 40 | Maintains | |
| 2016-03-24 | National Bank Financial | Outperform | Maintains | |
| 2016-01-04 | CIBC World Markets | 32 | Maintains | |
| 2015-11-11 | National Bank Financial | Outperform | Maintains | |
| 2015-11-11 | CIBC World Markets | 28.5 | Maintains | |
| 2015-11-11 | Canaccord Genuity | Buy | Maintains | |
| 2015-11-09 | National Bank Financial | Outperform | Maintains | |
| 2015-11-09 | Canaccord Genuity | 22 | Maintains | |
| 2015-08-10 | National Bank Financial | Outperform | Maintains | |
| 2015-08-10 | Canaccord Genuity | Buy | Maintains | |
| 2015-08-07 | CIBC World Markets | 19.5 | Maintains | |
| 2015-07-21 | Canaccord Genuity | Buy | Maintains | |
| 2015-07-17 | National Bank Financial | Outperform | Maintains | |
| 2015-07-17 | CIBC World Markets | Sector Perform | Maintains | |
| 2015-03-23 | National Bank Financial | Outperform | Maintains | |
| 2015-03-23 | Canaccord Genuity | Hold | Hold | Maintains |
| 2014-11-27 | BMO Capital Markets | At Market Perform | Maintains | |
| 2014-04-16 | CIBC World Markets | Sector Perform | Maintains | |
| 2014-03-24 | Canaccord Genuity | Buy | Maintains | |
| 2013-10-16 | CIBC World Markets | 12.5 | Maintains | |
| 2013-08-08 | CIBC World Markets | Sector Perform | Maintains | |
| 2013-07-04 | BMO Capital Markets | At Market Perform | Initiate | |
| 2013-06-26 | National Bank Financial | 12 | Maintains | |
| 2013-06-24 | CIBC World Markets | 11 | Maintains | |
| 2013-04-18 | Canaccord Genuity | 10.25 | Maintains | |
| 2013-04-17 | CIBC World Markets | Sector Outperform | Sector Perform | Downgrade |
| 2013-03-26 | Canaccord Genuity | Hold | Maintains | |
| 2013-02-06 | Canaccord Genuity | 9.75 | Maintains | |
| 2013-01-25 | CIBC World Markets | 10 | Maintains | |
| 2013-01-24 | National Bank Financial | 11 | Maintains | |
| 2013-01-18 | PI Financial | 11.5 | Maintains | |
| 2023-03-20 | CIBC CAPITAL MARKETS | Neutral | Underperform | Downgrade |
| 2023-03-05 | ATB CAPITAL MARKETS | Outperform | Buy | Maintains |
| 2023-03-03 | TD SECURITIES | Buy | Hold | Downgrade |
| 2022-11-15 | CIBC CAPITAL MARKETS | Underperform | Neutral | Upgrade |
| 2022-10-03 | CIBC CAPITAL MARKETS | Neutral | Underperform | Downgrade |
| 2022-08-03 | STIFEL CANADA | Hold | Sell | Downgrade |
| 2022-08-03 | SCOTIABANK GBM | Outperform | Outperform | Maintains |
| 2022-05-05 | CIBC CAPITAL MARKETS | Neutral | Neutral | Maintains |
| 2022-05-05 | LAURENTIAN BANK SECURITIES | Buy | Hold | Downgrade |
| 2022-04-28 | LAURENTIAN BANK SECURITIES | Buy | Buy | Maintains |
| 2022-03-10 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2022-02-28 | ATB CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2021-11-03 | CIBC CAPITAL MARKETS | Outperform | Neutral | Downgrade |
| 2021-08-04 | STIFEL CANADA | Buy | Hold | Downgrade |
| 2021-08-04 | TD SECURITIES | Buy | Buy | Maintains |
| 2021-08-04 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2021-08-04 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2021-08-04 | LAURENTIAN BANK SECURITIES | Buy | Buy | Maintains |
| 2021-07-05 | STIFEL CANADA | Buy | Buy | Maintains |
| 2021-05-07 | VERITAS INVESTMENT RESEARCH | Buy | Buy | Maintains |
| 2023-06-05 | ATB CAPITAL MARKETS | Outperform | Buy | Maintains |
| 2023-06-05 | TD SECURITIES | Buy | Hold | Downgrade |
| 2023-05-10 | CIBC CAPITAL MARKETS | Neutral | Underperform | Downgrade |
| 2023-05-09 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2022-11-14 | CIBC CAPITAL MARKETS | Underperform | Neutral | Upgrade |
| 2022-10-02 | CIBC CAPITAL MARKETS | Neutral | Underperform | Downgrade |
| 2022-08-02 | STIFEL CANADA | Hold | Sell | Downgrade |
| 2022-08-02 | SCOTIABANK GBM | Outperform | Outperform | Maintains |
| 2022-05-04 | LAURENTIAN BANK SECURITIES | Buy | Hold | Downgrade |
| 2022-05-04 | CIBC CAPITAL MARKETS | Neutral | Neutral | Maintains |
| 2022-04-27 | LAURENTIAN BANK SECURITIES | Buy | Buy | Maintains |
| 2022-03-09 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2022-02-27 | ATB CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2021-11-02 | CIBC CAPITAL MARKETS | Outperform | Neutral | Downgrade |
| 2021-08-03 | TD SECURITIES | Buy | Buy | Maintains |
| 2021-08-03 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2021-08-03 | LAURENTIAN BANK SECURITIES | Buy | Buy | Maintains |
| 2021-08-03 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2021-08-03 | STIFEL CANADA | Buy | Hold | Downgrade |
| 2021-07-04 | STIFEL CANADA | Buy | Buy | Maintains |
| 2021-05-06 | VERITAS INVESTMENT RESEARCH | Buy | Buy | Maintains |
| 2023-08-27 | ATB CAPITAL MARKETS | Buy | Buy | Maintains |
| 2023-08-26 | CIBC CAPITAL MARKETS | Underperform | Underperform | Maintains |
| 2023-08-15 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2023-08-15 | CIBC CAPITAL MARKETS | Underperform | Underperform | Maintains |
| 2023-06-28 | TD SECURITIES | Hold | Hold | Maintains |
| 2023-12-18 | CIBC CAPITAL MARKETS | Underperform | Underperform | Maintains |
| 2023-11-27 | ATB CAPITAL MARKETS | Buy | Outperform | Maintains |
| 2023-11-09 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2023-08-28 | ATB CAPITAL MARKETS | Buy | Buy | Maintains |
| 2023-08-27 | CIBC CAPITAL MARKETS | Underperform | Underperform | Maintains |
| 2023-08-16 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2023-08-16 | CIBC CAPITAL MARKETS | Underperform | Underperform | Maintains |
| 2023-06-29 | TD SECURITIES | Hold | Hold | Maintains |
| 2023-06-06 | ATB CAPITAL MARKETS | Outperform | Buy | Maintains |
| 2023-06-06 | TD SECURITIES | Buy | Hold | Downgrade |
| 2023-05-11 | CIBC CAPITAL MARKETS | Neutral | Underperform | Downgrade |
| 2023-05-10 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2024-08-01 | STIFEL CANADA | Hold | Buy | Upgrade |
| 2024-07-30 | ATB CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2024-07-30 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2024-07-30 | CIBC CAPITAL MARKETS | Underperform | Underperform | Maintains |
| 2024-05-01 | STIFEL CANADA | Sell | Hold | Upgrade |
| 2023-12-17 | CIBC CAPITAL MARKETS | Underperform | Underperform | Maintains |
| 2023-11-26 | ATB CAPITAL MARKETS | Buy | Outperform | Maintains |
| 2023-11-08 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2025-03-16 | ATB CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2025-03-15 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2025-03-12 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2025-03-12 | STIFEL CANADA | Buy | Buy | Maintains |
| 2025-01-05 | STIFEL CANADA | Buy | Buy | Maintains |
| 2024-12-11 | CIBC CAPITAL MARKETS | Neutral | Outperform | Upgrade |
| 2024-11-11 | CIBC CAPITAL MARKETS | Underperform | Neutral | Upgrade |
| 2024-11-05 | ATB CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2024-11-05 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2025-07-14 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2025-07-06 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2025-07-06 | STIFEL CANADA | Buy | Buy | Maintains |
| 2025-06-08 | ATB CAPITAL MARKETS | Outperform | Outperform | Maintains |
